Senvest Management LLC Grows Holdings in Kornit Digital Ltd (KRNT)

Senvest Management LLC boosted its position in shares of Kornit Digital Ltd (NASDAQ:KRNT) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,310,177 shares of the industrial products company’s stock after purchasing an additional 115,400 shares during the quarter. Kornit Digital comprises about 1.3% of Senvest Management LLC’s portfolio, making the stock its 28th biggest position. Senvest Management LLC owned 3.88% of Kornit Digital worth $20,046,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado purchased a new position in Kornit Digital during the 2nd quarter worth $101,000. Cowen Prime Services LLC increased its holdings in shares of Kornit Digital by 104.8% in the 2nd quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 3,100 shares during the period. Van ECK Associates Corp increased its holdings in shares of Kornit Digital by 49.4% in the 2nd quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 2,583 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Kornit Digital by 1,540.0% in the 2nd quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 7,700 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Kornit Digital in the 2nd quarter valued at $198,000. Institutional investors own 78.84% of the company’s stock.

A number of research analysts have recently issued reports on the company. Canaccord Genuity reiterated a “buy” rating and issued a $24.00 price target on shares of Kornit Digital in a report on Tuesday, August 8th. BidaskClub downgraded Kornit Digital from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Barclays cut their price target on Kornit Digital from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, September 27th. Needham & Company LLC cut their price target on Kornit Digital from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, September 27th. Finally, Stifel Nicolaus cut their price target on Kornit Digital from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $18.67.

Kornit Digital Ltd (NASDAQ KRNT) opened at $17.30 on Monday. Kornit Digital Ltd has a fifty-two week low of $11.30 and a fifty-two week high of $23.15. The stock has a market capitalization of $583.62, a price-to-earnings ratio of 86.50, a PEG ratio of 4.99 and a beta of 0.18.

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